Retirement Systems of Alabama Cuts Stake in Under Armour, Inc. (NYSE:UA)

Retirement Systems of Alabama decreased its holdings in Under Armour, Inc. (NYSE:UA) by 3.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 242,255 shares of the company’s stock after selling 7,425 shares during the period. Retirement Systems of Alabama’s holdings in Under Armour were worth $2,023,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in UA. Global Retirement Partners LLC lifted its position in shares of Under Armour by 61.7% in the 4th quarter. Global Retirement Partners LLC now owns 3,959 shares of the company’s stock worth $33,000 after purchasing an additional 1,511 shares during the period. Truist Financial Corp lifted its holdings in Under Armour by 9.3% in the fourth quarter. Truist Financial Corp now owns 19,432 shares of the company’s stock worth $162,000 after buying an additional 1,646 shares during the period. Resonant Capital Advisors LLC boosted its position in Under Armour by 6.5% during the 3rd quarter. Resonant Capital Advisors LLC now owns 28,383 shares of the company’s stock valued at $181,000 after acquiring an additional 1,734 shares in the last quarter. Texas Permanent School Fund Corp boosted its position in Under Armour by 1.7% during the 3rd quarter. Texas Permanent School Fund Corp now owns 169,758 shares of the company’s stock valued at $1,083,000 after acquiring an additional 2,912 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Under Armour by 8.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,441 shares of the company’s stock valued at $245,000 after acquiring an additional 2,925 shares in the last quarter. Hedge funds and other institutional investors own 36.35% of the company’s stock.

Under Armour Stock Performance

Under Armour stock opened at $6.55 on Thursday. The stock’s 50 day simple moving average is $6.96 and its two-hundred day simple moving average is $7.39. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.38 and a current ratio of 2.13. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 7.35 and a beta of 1.61. Under Armour, Inc. has a fifty-two week low of $5.86 and a fifty-two week high of $8.99.

Under Armour (NYSE:UA) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.09. The business had revenue of $1.49 billion for the quarter. Under Armour had a return on equity of 13.85% and a net margin of 6.98%. During the same period in the previous year, the firm posted $0.16 earnings per share.

Under Armour Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.